BioMarin Pharmaceutical's analyst price target was revised slightly lower, decreasing from $95.16 to $94.80 per share as analysts weighed ongoing competitive risks to Voxzogo and modest changes to key financial assumptions.
Analyst Commentary
Recent analyst coverage of BioMarin Pharmaceutical reflects a mix of optimism and caution surrounding the company's future prospects, especially regarding its growth story, competitive landscape, and valuation relative to peers.
Bullish Takeaways- Bullish analysts highlight that BioMarin currently trades at a notable discount to its large-cap pharmaceutical peers, which presents a potential value opportunity for investors.
- Expectations for meaningful revenue growth and improved operating leverage support positive outlooks on the company’s financial trajectory.
- Concerns around Voxzogo's mid-term growth are seen as mostly overstated, with uptake so far viewed as robust.
- The company’s pipeline and recent acquisition activity, including further bolt-on deals, are viewed as sources of additional growth and flexibility.
- Bearish analysts point to looming competitive risks for Voxzogo, particularly from the emergence of new oral FGFR inhibitors that could erode the product’s market share.
- Some analysts believe the market has ascribed limited value to BioMarin’s pipeline, which raises questions about the firm’s ability to unlock full valuation potential.
- Cautious projections reflect assumptions that changes in competitive dynamics could challenge revenue and profitability expectations.
- Uncertainties around execution with new pipeline programs and integration of recent acquisitions are flagged as risks for delivering sustained growth.
What's in the News
- BioMarin Pharmaceutical was removed from the FTSE All-World Index, reflecting changes in its index constituent status (Key Developments).
- New data presented at the American Society for Bone and Mineral Research 2025 Annual Meeting highlighted VOXZOGO's continued efficacy and anatomical benefits for children with achondroplasia. The findings included improved spinal morphology and canal width compared to placebo (Key Developments).
- Clinical results announced at the International Congress of Inborn Errors of Metabolism detailed the efficacy and safety of PALYNZIQ for adolescents with phenylketonuria. The results included information on management of hypersensitivity and common adverse reactions (Key Developments).
- BioMarin raised its full-year 2025 earnings guidance, now expecting total revenues of $3,125 million to $3,200 million, up from previous estimates (Key Developments).
Valuation Changes
- The consensus analyst price target has fallen slightly from $95.16 to $94.80 per share.
- The discount rate has risen marginally from 6.86% to 6.91%.
- The revenue growth expectation has decreased narrowly from 7.64% to 7.62%.
- The net profit margin projection has edged down slightly from 29.78% to 29.70%.
- The future P/E multiple has increased just fractionally from 20.00x to 20.02x.
Disclaimer
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